Clifford Isroff dies at the age of 79
Clifford Isroff, who served as the president of Sterling Jewelers in the late ‘80s after the company purchased his family’s business, Westhall, died June 30.
Comps soar even as losses rise for Birks
Birks Group reported that U.S. same-store sales were up 19 percent in its fiscal year ended March 28, due to an increase in average transaction price and the success of the company’s watch strategy.
Andrew Bone to lead the RJC
The Responsible Jewellery Council has named longtime De Beers executive Andrew Bone as its executive director.
Endless opens its first standalone store
Located in Estonia, the shop is operated in partnership with a distributor, and Endless has indicated that it will launch the same kind of operation in the U.S. in the next 12 to 18 months.
Alibaba backs down in the US market
The Chinese e-commerce company is selling its first U.S.-based e-commerce site, 11 Main, because the site hasn’t gained traction here and faces too much competition, reports state.